Do you mean rail facing unit (1270 sft)?Originally Posted by Unregistered
What about units at other facing? any information on bank valuation? Thanks
Do you mean rail facing unit (1270 sft)?
What about units at other facing? any information on bank valuation? Thanks
Yes, they are the rail facing unit at 1270sf.
No info on other units.
Rightfully the forest view should have better price.
That is based on developer's differential pricing when launched last year.
However, the bank valuation may not differentiate these 2 exterior facing units. But there may be differentiation between pool-facing units and external facing units.
At current market, sellers would offer their units above bank valuation.
Banks tend to be a little conservative and careful.
True... different ppl have different taste and very subjective towards which facing to them is considered best view. Anyway, am not selling mine as it is so difficult (or impossible) nowadays to get any development similar to RT with yr 2006 pricing....
Heard lodging Caveat with URA is optional. In fact, to save cost, many lawyers did not want to bother of lodging caveat for their clients. I wonder if the unit is tarnsacted between relatives on goodwill, why would they bother with lodging caveat with URA?
I thought the bank may require whoever (eg. lawyer) to lodge a caveat if their client take up a bank loan.
Majority (80-90%) of the 315 units at RT were sold in 2006-7.
However, if you are looking at the caveats lodged at URA, it seems that only 30% of transactions were lodging Caveats with URA.
Would those on deferred payment scheme have lodge a caveat?
They don't have to take a bank loan till TOP. So no requirements to lodge a caveat, right??
Also from my observation, the list on the URA will be archived after a period of time.
Hi all,
I have just sold my RT railway-facing unit @ $765k or $602psf.
Mine is actually blk 87, level 3 unit - 3 bedroom 1270sf.
Although reluctantly, i think it is a better to be debt-free after this transaction.
It is win-win for buyer (fair price) and seller (handsome profit).
Great to be part of this forum. Thanks.
Cheers.
That is kept cheap, considering that the price of RT is going up. I have a similar size unit facing the rail. But I am holding on to wait for the price to increase.
Congrats! I wouldn't say the price is cheap nor it's expensive. Fair pricing.
Most important, it met yr objectives. Again... congrats!
This is a great buy. Right by the nature. Nice walk to BT Timah vicinity. Layout is excellent. The project and facilities are great. Raintree sounds so class and romantic. Great future residents. Many young people and professionals and yuppies. The best in the west. Uniquely Raintree. Worth every cent at 1000psf or above. Can hit 1500 to 2000psf if market keeps rising - simple maths. Maybe even break world record at 3000psf. And keep rising. Great buy.
A pool facing unit, 1335sqft low floor has just been sold for over $1million!
Care to share which unit is that?
Great, good to hear the price for the pool facing 3+1 unit managed to cross the benchmark (875K) set by the developer. It seems the price gap between pool and rail facing units could be widening.
Many congratutions!
am a heartlander. I am also a big-time speculator. 50k is all I have 3 months ago - mostly from credit cards withdrawals and line of credits overdrafts. I went to a showflat, got one, paid the 5%. Before 2 weeks was up for the next payment, I sold it. Like that, I earn 50K. Easy money in 2 weeks. Now, I go from launches to launches. Some agents recognise me, treat me very well, and call me the lucky man. Five such moves and now I got about 400k to 450k already. It's a great dream. It's great to be speculator at this time. I love it. In 3 months, I am a halfway to becoming a millionaire. Just 3 months ago, I was struggling to borrow 50K.
I am already 49 years old. 10 years ago, I lost heavily in property. I work so hard, never gamble, no drinking, not speculating. Just want to get a decent place for my family to stay. Market was at its peak. I very unlucky then. Bought a property, market crashed the following months. Haven't even completed the sale, and the market already showed signs of falling. In the end, my property was in negative equity. I heartbroken. Worked so hard day to day, and this has to happen to me. I don't know who to blame. Myself. Govt. Market. or ... I cried and cried. I gambled any cents I have. I didn't eat lunch or dinner. I drank alot. I feeling very terrible everyday. No money to cover the negative equity. Bank chased me. I borrowed here and there. All my hard-earned money I every month emptied into the worth-less property. Still must pay high maintenance.
Then 3 months ago, I saw the opportunity. I could continue to live like a bankrupt or make a pile. So what if I bankrupt? Already had lost so much in one honest property buy 10 years ago. Bankrupt mah bankrupt lor. But if I win, I can earn big bucks. So I became a Speculator. The way i described above. Now, I semi-millionaire. Five zeros behind my bank account. 10 years is a long time. This opportunity doesn't come often. In my experience, once in 10 years. You saw the curve on the URA's latest price increase? Go see, once in 10 years. Now, I retire. No more speculator. I put my money in fixed deposits etc. For my 3 children's education. Next week, going to Europe with my family for our first holiday in 10 years.
Thank you, I don't know who. Myself. Govt. Market. or ... I laugh and laugh and laugh. Sorry. My English not very good. I hope flippers are lucky like me. I hope honest first-time property buyers will not be burnt like I was. It was the most painful experience in my life. I almost killed myself. But I can't bear to leave my children.
This is lesson to be learnt.
I hope your comment doesn't encourage people to speculate or enter the market now. Like what you had experienced 10 years ago, the chances to get burnt is high now. Government would surely step in or are waiting to act once HDB prices are rocketing. This time the government may not even wait for bubble to go big. They might just put in place pre-emptive measures to have a soft-landing after the lessons learnt in 1996.
Some friends got burnt too. They are taking the opportunities now to offload their units. It would help them cut losses, at the same time the burden would now be shifted to the new buyers.
Block 85, #02-11 - Sold for over S$1million.
Block 97, #06-38 - Sold for over S$950K.
Is this unit forest facing?
Yes... This is a corner unit. Front is looking into the forest, the side is facing the bike trail. Nice unit I must say.....
R u the new owner of this unit? Seems so......
Wah liao eh RT people who don't want to buy still want to talk so much. No need to think one. Just buy. Like insert small coin into jackpot machine and can hit 77777. Jackpot. RT is like jackpot. Buy small, win big. So easy. Buy buy buy. Don't think so much already. Buy buy buy. Win big big. Hit jackpot. 2000psf also buy. Also can hit jackpot. Market is red red hot what. ST says one. They always write "red hot". Hot hot. So buy lor. Wait for what? Until not hot. No one want to buy? Buy now. Hit Jackpot. Le long le long. Buy buy buy.
"Jardin" - besides Gardenvista is launching next week. Price fr $1,650psf.
Can someone please comment what will happen to the current red hot property market if "deferred payment scheme" were to be abolished? What will happened to both prime and suburban's properties?
New property launches will see slower take up, unless they are priced to sell. The abolishment of DPS will not affect the resale market. There's no such scheme for such transactions currently. Overall, we may see a tapering off of prices.... rather than climbing each week. But market will not crash. End of day, demand still outstrip supply.... there are more people looking to buy than sell. Also, there are many sitting on cash and banks are willing to lend up to 90%.
It will not affect the hi end level because buyers are cash rich but will affect the lower end sector.
I think new launches for high and low end will be affected as "flippers" will think twice bf placing cheque for initial downpayment. However, the resale market for completed projects will still enjoy steady growth in line with the strong economic growth.....
why? new launches will need 2 to 3 years bf top and if crash bf top, buyers will suffer. For completed development, there are still chances to cut loss during market downturn.... not as bad as the former....
Is this a hint of what is to come? This is one way to curb the prices.
When LKY said Singapore needs to watch out for the rising property prices, you can bet that the government will act on it.
The speculative fever has gone up too fast already.
In the near term, property market will continue to strengthen. Property bubble usually last 1-2 years. Herd instinct comes in now.
In the mid term about 3-4 years, property market will correct or stabilise due to supply from completed projects from 2008-2010.
In the longer term about 8 years time, there will be a lot of people retiring (those in the baby boomers years). They would want to downgrade.
It would be the buyers market again.
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